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DSP Floater Fund Direct Growth

Debt
Floater
Low to Moderate Risk
0.23%
1M return
-0.01% 1D
1M
6M
1Y
All
NAV: 01 Jul 2022₹10.49
Min. SIP amount₹500
RatingNA
Fund size₹1,747.78Cr

Returns and rankings

Category: Debt Floater
Absolute returns
3M6M1YAll
Fund returns-0.1%0.4%2.9%4.9%
Category averageNANA5.3%NA
Rank with in category10119NA
Understand terms

Holdings (8)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec31.9%
GOI
SovereignGOI Sec16.6%
Gujarat State
OthersSDL13.8%
GOI
SovereignGOI Sec12.9%
Madhya Pradesh State
OthersSDL7.0%
GOI
SovereignGOI Sec5.6%
Gujarat State
OthersSDL2.8%
Gujarat State
OthersSDL0.9%

Pros and cons

Category: Debt Floater

Pros

Cons

Exit load is zero
1Y annualised returns lower than category average by 2.41%
Lower expense ratio: 0.26%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.26%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Kedar Karnik
Jul 2021 - Present
View details

Education
Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.
Experience
Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..
Also manages these schemes

Laukik Bagwe
May 2021 - Present
View details

Education
Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience
Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road JunctionWestern Express Highway,Andheri East Mumbai 400069
Phone
022-66178000
Launch Date
16 Dec 1996
E-mail
NA
Website
NA
Amc Image
DSP Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in DSP Floater Fund Direct Growth?

You can easily invest in DSP Floater Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for DSP Floater Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in DSP Floater Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does DSP Floater Fund Direct Growth provide?

The DSP Floater Fund Direct Growth has been there from 19 Mar 2021 and the average annual returns provided by this fund is 2.85% since its inception.

How much expense ratio is charged by DSP Floater Fund Direct Growth?

The term Expense Ratio used for DSP Floater Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of DSP Floater Fund Direct Growth is 0.26% as of 02 Jul 2022...

What is the AUM of DSP Floater Fund Direct Growth?

The AUM, short for Assets Under Management of DSP Floater Fund Direct Growth is ₹1,747.78Cr as of 02 Jul 2022.

How to Redeem DSP Floater Fund Direct Growth?

If you want to sell your DSP Floater Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of DSP Floater Fund Direct Growth?

You can select either SIP or Lumpsum investment of DSP Floater Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of DSP Floater Fund Direct Growth?

The NAV of DSP Floater Fund Direct Growth is ₹10.49 as of 01 Jul 2022.

What is the PE and PB ratio of DSP Floater Fund Direct Growth?

The PE ratio ratio of DSP Floater Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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